[Congressional Record Volume 158, Number 50 (Tuesday, March 27, 2012)]
[House]
[Page H1585]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
COMMENDING PRESIDENT OBAMA'S COMMITMENT TO DOMESTIC OIL PRODUCTION
(Mr. FALEOMAVAEGA asked and was given permission to address the House
for 1 minute and to revise and extend his remarks.)
Mr. FALEOMAVAEGA. Madam Speaker, rising gas prices are hitting
families hard, adding to what is already a tough economic situation for
our citizens across the Nation.
That is why I commend President Obama for his all-of-the-above energy
strategy, which includes a strong commitment to domestic oil
production. Oil and gas development has increased in every year of the
Obama administration, and domestic oil production is now at an 8-year
high. Furthermore, our foreign dependence on oil is at a 16-year low.
Last year, we cut net oil and petroleum imports by 1 million barrels a
day.
President Obama has also offered millions of acres of land for lease
and has improved safety measures to prevent future spills. The
President has also proposed opening up more undiscovered offshore oil
and gas resources for development in the Gulf of Mexico.
I thank President Obama for his leadership in increasing oil
production so that our Nation, our country, will depend less on
imported foreign oil.
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